BlackRock Inc. Takes Position in Oportun Financial Corporation $OPRT

BlackRock Inc. bought a new position in shares of Oportun Financial Corporation (NASDAQ:OPRT) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 3,370,232 shares of the company’s stock, valued at approximately $19,244,000. BlackRock Inc. owned about 0.07% of Oportun Financial as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Kemnay Advisory Services Inc. bought a new stake in Oportun Financial in the 4th quarter valued at $28,000. Clearstead Advisors LLC boosted its position in Oportun Financial by 192.9% during the fourth quarter. Clearstead Advisors LLC now owns 5,574 shares of the company’s stock worth $29,000 after purchasing an additional 3,671 shares during the period. Virtu Financial LLC bought a new position in Oportun Financial during the third quarter worth $64,000. The Manufacturers Life Insurance Company acquired a new position in shares of Oportun Financial in the second quarter valued at $85,000. Finally, Abel Hall LLC acquired a new position in shares of Oportun Financial in the first quarter valued at $57,000. 82.70% of the stock is owned by institutional investors and hedge funds.

Oportun Financial Stock Performance

NASDAQ:OPRT opened at $7.43 on Thursday. The stock has a fifty day moving average price of $6.48 and a 200-day moving average price of $5.62. The company has a market cap of $341.71 million, a price-to-earnings ratio of 18.58 and a beta of 1.24. Oportun Financial Corporation has a fifty-two week low of $4.03 and a fifty-two week high of $8.30.

Oportun Financial (NASDAQ:OPRT) last released its earnings results on Wednesday, August 5th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.09. Oportun Financial had a return on equity of 13.41% and a net margin of 2.05%.The company had revenue of $233.23 million for the quarter, compared to analyst estimates of $230.68 million. Oportun Financial has set its FY 2026 guidance at 1.500-1.650 EPS. Research analysts predict that Oportun Financial Corporation will post 1.32 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on OPRT. Wall Street Zen upgraded shares of Oportun Financial from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Oportun Financial in a research report on Wednesday, June 24th. Finally, Stephens upped their target price on Oportun Financial from $7.00 to $8.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $7.33.

About Oportun Financial

Oportun Financial Corporation (NASDAQ: OPRT) is a financial technology company that provides consumer lending products aimed at serving the underbanked and credit-invisible population in the United States. Headquartered in Redwood City, California, Oportun operates a digital platform that enables borrowers to access credit through unsecured personal installment loans, secured credit-builder loans and a proprietary mobile wallet. The company leverages machine learning and alternative data sources to assess creditworthiness, extending financial services to customers with limited or no traditional credit history.

The company’s core offerings include fixed-term installment loans designed to help individuals cover unexpected expenses, consolidate debt or build credit.